Macy’s Rejects $6.9 Billion Buyout Offer, Shares Plunge 15%

Macy’s has ended discussions with investment firms Arkhouse Management and Brigade Capital, who had proposed a $6.9 billion buyout of the department store chain. The retailer cited concerns over the deal’s valuation and financial certainty, stating it undervalued the company and lacked financial clarity. Following this announcement, Macy’s share price plummeted by approximately 15%, reflecting investor disappointment. The company now plans to focus on its turnaround strategy, which includes store closures, rather than pursuing the takeover bid that had been under consideration since December.

Macy’sは、同百貨店チェーンの69億ドルでの買収を提案していた投資会社Arkhouse ManagementとBrigade Capitalとの協議を終了した。同社は、取引の評価額と財務の確実性に関する懸念を挙げ、同社を過小評価し、財務の透明性を欠いていると述べた。この発表後、メイシーズの株価は投資家の失望を反映して約15％急落した。同社は現在、12月から検討されていた買収提案を追求するのではなく、店舗閉鎖を含む再建戦略に重点を置く予定である。